this post was submitted on 12 Mar 2024
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the_dunk_tank

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It's the dunk tank.

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"The horrors of rich people not getting bailed out"

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[–] [email protected] 79 points 1 year ago (1 children)

The capitalist West: "The free market allows businesses to fail, government intervention bad"

Also the neoliberals: "China not bailing out real estate corporations is evil 1984 commie totalitarianism"

A very serious ideology.

[–] [email protected] 18 points 1 year ago (3 children)

Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.

[–] [email protected] 17 points 1 year ago (2 children)

We literally did it again in 2020, idk what you are talking about about. What do you think 'quantitative easing' is?

[–] [email protected] 13 points 1 year ago

I mean what exactly do you think a dictatorship of the borgschwazzee is?

[–] [email protected] 9 points 1 year ago

If there was any hope for this country burning down businesses that got PPP loans forgiven would have been a nationwide meme.

[–] [email protected] 11 points 1 year ago

I saw Jamie Dimon's name in a headline the other day that wasn't about a jail sentence or an obituary. It's incredible his name still has purchase in the world of economics.

[–] [email protected] 8 points 1 year ago

"But they paid back those loans with interest" - my mother

Yea turns out when instead of punishing a company for taking everybody's money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.

[–] [email protected] 62 points 1 year ago (2 children)

Communists will see property developers being punished for going against the interests of the masses and think “hell yeah”

[–] [email protected] 35 points 1 year ago
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[–] [email protected] 51 points 1 year ago (1 children)

the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

[–] [email protected] 23 points 1 year ago

Typing this should be one of the requirements for account sign-up.

[–] [email protected] 48 points 1 year ago* (last edited 1 year ago) (1 children)

China is so cool, im looking into the barrel of a dying planet and a government that does not care about me and even if china is somehow ebil ccp 1984 winnie pooh corruption atleast they did things that i genuinely wish we could do even a fraction here

Oh no a corrupt government smacked the shit out of the same capitalists that ruined my life here in the states

[–] [email protected] 11 points 1 year ago (2 children)

Yeah I'm not like on the China good train at all. But like, every time I point at China doing something good and people here in the US start frothing at the mouth and I'm like affordable housing is good? It's good. You complain about the cost of housing in the US constantly.

[–] [email protected] 27 points 1 year ago

China is good

[–] [email protected] 22 points 1 year ago (2 children)
[–] [email protected] 25 points 1 year ago (1 children)

They could be even more based?

[–] [email protected] 21 points 1 year ago

Got me there

[–] [email protected] 11 points 1 year ago

I don't have a strong opinion on China. I don't know a lot about the politics and I don't trust Western media to report accurately about it.

[–] [email protected] 46 points 1 year ago (1 children)
[–] [email protected] 8 points 1 year ago* (last edited 1 year ago) (1 children)

Can anyone tell me the reference to this emoji?

[–] [email protected] 9 points 1 year ago (1 children)

She was helping MINORS to get HRT!!

(Anti-communist trans youtuber Keffals used to sponsor a website giving information about DIY HRT. It was the most based thing she has ever done.)

[–] [email protected] 43 points 1 year ago (2 children)

Do they really belive that it would be good to give property developers a bailout?

[–] [email protected] 37 points 1 year ago (1 children)

It's CNBC, a news channel by finance bros for finance bros.

The mere concept that rich people should not be coddled in literally every way imaginable is like hell to them.

[–] [email protected] 4 points 1 year ago

Good point. Imagine how rich people must feel when they get no treats.

[–] [email protected] 11 points 1 year ago (1 children)

Oh were gonna spend billions of dollars bailing out all the people who thought it was a good investment to buy a bunch of rental properties and charge people more for rent than they make in a month.

Rent can't keep going up 20% every year for too long before something breaks.

[–] [email protected] 7 points 1 year ago

It's really easy, renters can just make more money to pay rent. I don't see any problems with that. smuglord

[–] [email protected] 40 points 1 year ago (1 children)

China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.

Really hoping this is an opportunity for crackdown and the government takes it.

[–] [email protected] 16 points 1 year ago

I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.

[–] [email protected] 38 points 1 year ago
[–] [email protected] 33 points 1 year ago
[–] [email protected] 30 points 1 year ago (2 children)

So I guess we're going to see what happens when a country learns from others past mistakes obama-socialism

[–] [email protected] 8 points 1 year ago (1 children)

China is cheating because they're playing the game on easy mode by being able to watch America enthusiastically shoot itself in the face over and over again to learn what not to do in a modern economy.

[–] [email protected] 6 points 1 year ago

It’s funny because the US can also watch and learn from China as they lay out their agenda very clearly and publicly with deadlines and timetables.

[–] [email protected] 5 points 1 year ago

Not China's fault that Americans are pathologicaly afraid of learning from history because American history is nothing but racism, slavery, and genocide all the way down.

[–] [email protected] 22 points 1 year ago

I’m not a drug addict spiraling into nothingness—I’m winning my battle against sobriety, and the futility of entropy (I just thought the second thing sounded cool).

[–] [email protected] 18 points 1 year ago* (last edited 1 year ago)

Oh no China isn't doing the thing that literally every single American complains when their government does.

This is actually hilarious because isn't the core argument of capitalism that the rich assholes deserve to make all that money because of all the risk they take on.

[–] [email protected] 16 points 1 year ago

did-someone Is some hedge fund manager stuck holding bags?

[–] [email protected] 7 points 1 year ago

God damn it would be so cool if the US Government said something like that. Even if it was a lie it would be cool.

[–] [email protected] 4 points 1 year ago